Instalment invoicing

You can use instalment invoicing to efficiently add and invoice instalments per project.

Description

Instalment invoicing is for instance often used in the construction of new buildings. Parcels are part of a project and are linked to a sales contact when they are sold. From the sale onwards the parcels have to be invoiced in instalments. When a parcel is sold, a schedule is created in the system for this parcel. According to this schedule, the instalments are delivered and invoiced.

Preparation

• Set the authorisation

  Before you can use instalment invoicing you must first authorise this feature for one or more users.

• Configure an integration journal

  After you have done this, you must configure the integration journal. Enter Installment invoicing as the integration type.

Procedure

• Add a project with instalment invoicing

  In a project you have to select the Instalment invoices check box allow for instalment invoicing.

• Add instalments

  You can use an entry window to add and maintain invoice instalments.

• Report an instalment ready

  Before you can invoice an instalment, you must first report it ready.

• Invoice instalments

  You can invoice the instalments individually or in batches. This is based on a number of assumptions..

• Change instalment invoices

  You can change the instalment invoices if they have not been journalised yet. For instance, invoice lines can be added manually.

• Journalise instalment invoices

  You can journalise instalment invoices to Profit Financieel in the usual way.

• Additional work and charging on

  Using instalment invoicing usually involves 'Additional work'. This is work that was carried out, but that was not taken into account at the time the agreed price was determined.

• Link a project phase to an instalment

  A project phase can also be used as an instalment.